Regulations and Numbers

Today is Justin’s birthday, so as a gift I’m taking over the monthly letter duties this time around in hopes of giving him a bit of a break. Unfortunately for you all, that means less talk of markets and investments and more talk of compliance, regulations, and tax numbers. But, I’ll try to keep it relatively short and simple!

First, I’m sure most of you have seen or heard talk about the SECURE Act 2.0. The original SECURE Act was passed in 2019, and the 2.0 version was signed into law at the end of 2022. SECURE stands for Setting Every Community Up for Retirement Enhancement, and the main goals of the new regulations are to encourage people to save for retirement and to make retirement plans easier for employers to create and manage. SECURE 2.0 has many many provisions, and I wouldn’t be able to list them all out in a letter, or at least not in a letter anyone would want to read. But, I do want to mention some provisions that may apply to you or to someone in your family.

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